Table Of ContentMILWAUKEE NUMISMATIC NEWS
January 2017 — The next regular MNS meeting will be held Thursday, January 19, 2017, 7 PM,
at the Mayfair Mall Community Room. We will be inaugurating our new club officers for year
2017.
President: Justin Perrault Vice President: Jim Heinrich
Secretary: John Bleidorn Treasurer: Lee Hartz
Sgt. at Arms: Jeff Gaffke Trustee ’15-‘17: Tom Dallmann
Trustee ’17-‘19: Dave Hunsicker Trustee ’16-’18: Gary Bieringer
Librarian: Joe Paonessa Newsletter editor: Leon Saryan
Mailing address: c/o PO Box 241174, Milwaukee, Wl 53224-9028
Newsletter material: c/o PO Box 210313, Milwaukee, Wl 53221-8006 [email protected]
Web Site Address: www.milwaukeenumismaticsocietv.com
The Milwaukee Numismatic Society, founded in 1934, is the oldest and largest organization in
Milwaukee devoted to the study of money. Meetings are held at 7:00 PM on the third Thursday of
each month in the Community Room on the lower level of Mayfair Mail (W. North A venue at N.
Mayfair Road). Our annual coin show is held in October.
January Coin of the Month: This month we are offering a very attractive set of state quarters of the 13 original
colonies, mounted in a deluxe Littleton folder. The coins (face value S3.25) are BU (brilliant uncirculated) and most
are pristine. The opening bid for this beautiful set is only S10.
January 2017 MNS President's Message
After a great deal of anticipation and build up, the 2016 holiday season and calendar of events is
finally behind us. It seems like so much work and effort goes into the planning and preparation of the
holidays and then in the blink of an eye it is all over. We can now take a much needed deep breath and
look ahead to the year ahead, both numismatically and personally to a fresh start and new beginnings.
Our club's holiday party was once again a wonderful festive occasion to socialize and enjoy each
other's company. Thanks to everyone who brought a beverage or dish to pass. Finding the first winner of
the Bingo game was a prolonged effort but once one was called many other winners began to follow. I
hope that all the winners enjoy their prizes and thanks again to Dave H. for bringing them.
Please look at the newly updated club calendar for 2017. As you can see I changed the date of
the CSNS show bus trip to Thursday, April 27. I will make arrangements for the coach bus reservations,
and we can open up attendance to members of the South Shore Coin Club and any other interested
individuals for a nominal fee.
In the last newsletter I neglected to mention scholarships the club makes available for the ANA
summer seminar in Colorado Springs. Please consider applying soon as the Board will need to review the
applications. The club offers both a full and partial scholarship to attend the seminar for those
applications that qualify. More will be discussed about this at the next meeting and applications will be
posted online at our website. More information on the seminar can be found online at
https://www. monev.org/summer-seminar.
At the January meeting we will conduct inductions of the newly elected officers as voted upon at
the December meeting. Please pay your dues and be sure to receive a new membership card.
Thanks for reading and I look forward to seeing many of you at the first meeting of 2017!
Happy Collecting,
Justin J. Perrault
masters [email protected]
262.613.9996
Lee Flart/. (1., representing the SSCC) and Kevin Foley hold ceremonial checks totaling S1500
donated by MNS and SSCC in support of the 2017 CSNS exhibiting program.
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MN$ 2017
2017 Numismatic Events
February 19 Wisconsin Coin Expo - Oshkosh
Schedule
Convention Center (9-4 PM)
February 26 Racine Coin Show - Roma Lodge
Monthly meetings are held at 7:00 pm on the 3rd 9-3 PM
Thursday of each month in the Community March 5 Madison NOW Coin Show (9-4)
Sheraton Hotel, 706 John Nolan Dr.
Meeting Room in the lower level of Mayfair
March 12 Waukesha Coin Show (9-4 PM)
Mall. Visitors interested in numismatics are
New Berlin Ale House
welcome.
April 7-8 South Shore Coin Club show,
Milwaukee Airport Crowne Plaza
Monthly meeting programs
April 8 MNS Boy Scout Clinic, Milwaukee
Airport Crowne Plaza (volunteers
Jan 19: Officer Inductions gather at 7 AM)
Feb 16: Open April 26-29 CSNS Coin Show
March 16: Open Renaissance Convention Center
April 20: Open Schaumburg, IL
June 17-29 ANA Summer Seminar, Colorado
April 27: CSNS Bus Trip
Springs, CO
May 18: Spring Auction
August 1-5 ANA World’s Fair of Money,
June 15: Open
Denver, CO
July 20: Open
Aug 17: Open
Sept 21: Open
Refreshment Schedule
Oct 19: Raffle Ticket Prize Drawing
Nov 16: Autumn Auction; Election Slate
Jan: Dave Herrwig
Dec 21: Holiday Party; Officer Elections
Feb: Jim Heinrich
Mar: Open
Annual Dues Apr: Open
Dues for 2017 are $10. Please pay Leon A. at the May: Justin Perrault
next meeting, or they may be mailed to MNS, PO Jun: Open
Box 241174, Milwaukee, WI 53224. Thanks to Jul: Open
those who have paid.
Aug: Open
Sep: Open
PLEASE NOTE:
Oct: Open
MNS is a volunteer organization. We always
Nov: Open
need new and interesting programs, activities,
Dec: Holiday Party
helpers to work at events, and someone to bring
refreshments for the meetings. We are also
looking for ideas for club outings. MNS will
reimburse refreshment expenses up to $60. To
volunteer, please contact Pres. Justin Perrault at
262.613.9996 or VP Jini Heinrich at 262.796.1814.
Thanks to everyone who has stepped up by
volunteering their time and talent to make this
club a success.
Milwaukee Numismatic Society
Minutes
December 15, 2016
President Justin Perrault called the 974th meeting of the MNS to order at 7:04 pm. There were 28 members in
attendance. The president led the club in the pledge of allegiance. There were no door prizes due to the bingo
game tonight.
Coin of the Month: Steve J won the coin of the month, a Tiberty, Buffalo, and Jefferson nickel set with a bid of
$14.00.
Treasurer’s Report: Lee Hartz reported that November showed receipts of $337.85 and $194.86 in disbursements
for a positive cash flow of $142.99.
Correspondence: Numismatist magazine.
Vice President Report: There are openings for several months in the upcoming year for members to present
programs and bring refreshments.
Membership: Membership cards are available for 2017 for regular members upon payment of their annual dues.
Election: Ballots were passed out and the slate elected was Justin Perrault (president), Jim Heinrich (VP), John
Bleidom (secretary), Lee Hartz (treasurer), Jeff Gaffke (sgt-at arms). The contested trustee position was won by
Dave Hunsicker.
Show & Tell: John Bleidom-NY Fed Gold Vault visit, Stu Caddell-cold weather jokes & farewell, Tom Casper-
show changes & member history, Jim Heinrich-local challenge coins, Leon A-Father Damian leprosy coins.
Newsletter: Short articles are always needed.
The meeting was informally adjourned at 8:40 pm by President Perrault.
Respectfully submitted by John Bleidorn, Secretary
Wisconsin VA challenge coin showing the seal of the State of Wisconsin in full color
4
Schimel drops $10,000 on commemorative coins
By Daniel Bice, Milwaukee Journal Sentinel, Jan. 7, 2017
Attorney General Brad Schimel is really proud of the motto he coined for his agency: "Kicking Ass Every Day"
or KAED, as he likes to sign off his emails to staff. So impressed is Schimel with his mildly crude, get-tough motto that he
ordered 2,000 challenge coins with the acronym on them. The 1.75-inch gold-plated brass souvenirs read "Wisconsin
Attorney General Brad D. Schimel" on one side and "Wisconsin Department of Justice: K.A.E.D." on the other. The state
seal appears on the medallions.
Records show the state Department of Justice paid nearly $10,000 in taxpayer dollars—$4.75 each, plus other
costs—to Lexington Metal Products Corp. in Lithia, Fla., for two shipments of the commemorative coins, which they
received over the past 1.5 years. Schimel, a first-term Republican, announced recently that he is running for a second term.
A Schimel aide initially declined to answer questions about the coins. "Your story is trivial and not a high priority
for our communications shop at the moment," Schimel spokesman Johnny Koremenos said via email on Friday. "I’ll get
back to you as soon as I can." Must not be Sunshine Week yet in Schimel's office. Anyway, it was an odd expenditure by
an official who is often complaining about his lack of funds. In 2015, Schimel asked for more cash so he could hire more
staff to investigate officer-involved shootings around the state. More recently, the attorney general requested more funds in
the next budget for officer training, prosecuting internet crimes against children and operating treatment alternatives and
diversion programs.
In a followup email, Koremenos said challenge coins are common in military and law enforcement communities as
a way to build team unity, reward achievement and boost morale. He said many others, including Attorney General J.B.
Van Hollen, have purchased and distributed such souvenirs. Patrick Reilly, president of Lexington Metal Products, wouldn't
say how many government agencies have used real tax dollars to have his company mint fake coins. "We get requests from
all kinds of people," said Reilly, a retired New York City cop and lieutenant colonel in the U.S. Marines. "We never
question where it's coming from."
Then-Gov. Scott McCallum caused quite an uproar in 2001 by spending $850 for silver-colored coins bearing his
name and image for distribution to Capitol visitors. But the motto on Schimel's coin makes his unique.
"The acronym KAED is the motto the AG gave the agency after taking office," Koremenos said. "It does stand for
Kicking Ass Every Day, which is the attorney general's challenge to the team at DOJ and recognition of the amazing work
done for the citizens of Wisconsin every day." For the most part, Schimel has given out the token to high-achieving Justice
Department employees and local police as well as speakers at conferences sponsored by the attorney general.
But the coins aren't available to the general public, even if the money for them came from the state budget for
the Division of Law Enforcement Services in DOJ. Koremenos rejected a request for one of Schimel's kick-ass coins. 1
even offered to cover the $5 cost. "The coins are not available for purchase," Koremenos said. ###
5
Milwaukee Numismatic Society’s
Fantasy Numismatics 2016
By: Bruce Benoit
Year End Results
This year we had eleven (11) participants.
Only four (4) ended up with positive portfolios, and
seven (7) had negative results. While no participants broke even
as many have in past years.
This was a very different year as many key date collector coins decreased in value, along
with many Silver Dollars, both Trade and Morgan type. These categories are commonly
selected every year with mixed results. Another surprise to me was the overall decrease
with early copper cents and half cents. I had all of my eggs in that basket this year and lost
big on every coin selected. This was the year of extremes both ways, positive and negative.
We had some record losses and a record increase on one selected coin that went from
$8,300.00 in 2016 to a whopping $23,000.00 in 2017! A $14,700.00 increase, chosen by
our Fantasy Winner this year. The coin was a 1799/98 Draped Bust Dollar with 15 star
reverse. Below is an example of that coin type without the over-date. We also had one coin
that dropped $8,000.00 - wow, and that was a Carson City minted Trade Dollar in MS63!
I'm glad I don't have that coin in my safety deposit box!
This year’s Top fantasy
coin that had the greatest
increase in value in the
grade AU50
U.S. Silver Dollar, 1799/98 Draped Bust
Type with 15 star reverse
2017 Value = $23,000.00
U.S. Silver Dollar, 1799 Draped Bust Type
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Milwaukee Numismatic Society's
Fantasy Numismatics 2016 Results
Place Name_Change in Prorfolio
1st Jim Heinrich + $14,076.00 WINNER
2nd Josh Whitehall + $2,125.00
3rd Don Kaminski + $1,425.00
4th Justin Perrault + $121.00
5th Leon Saryan - $1,275.00
6th Bob Burlingame - $2,065.00
7th Gary Bieringer - $2,075.00
8th Tom Casper - $3,930.00
9th Dave Hunsicker - $5,575.00
10th Bruce Benoit - $7,325.00
11th John Bleidorn - $8,000.00
Thank you all for your participation again this year.
Congratulations to Jim Heinrich, the top of the leader board and
our BIG WINNER! Now Jim has bragging rights till next year,
and he also has more justification to show his wife for all of next
year’s coin purchases.
Good Luck with that Jim...!
Don’t forget to complete your 2017 Fantasy Numismatics Portfolio
for next year!
* * *
FYI to all participants—one of the hazards of doing the Fantasy Numi game is that
our bets are only as good as the accuracy of the catalog values. Unfortunately we
have noted some errors noted in the catalog especially with Morgan dollars
,
Hopefully, we have the correct pages for members to follow.
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Milwaukee Numismatic Society’s
Fantasy Numismatics 2017
(By Bruce Benoit)
The concept:
Did you ever want to make a substantial coin purchase for investment purposes, but the only thing stopping
you was your available funds to invest? This fun and educational program will enable you to spend up to
S25.000.00 in lantasy dollars on coins, and after a year’s time you will find out how you did with the
selections you made in your coin investment portfolio. Participants will select coins that they feel will
increase in price better than others. This is a fun way to learn how you would do if you had the guts and funds
to actually do it, and the challenge of competing against your numismatic buddies.
Rules:
1. All portfolio selections must be only regular issue coins produced by the U.S. Mint, and be listed in
the January 2017 issue of Coin’s magazine. (NO COMMEMS, SETS or BULLION)
2. You can select up to ten (10) coins, in any listed grade you would like.
3. You cannot exceed the $25,000.00 limit.
4. You cannot change your portfolio during the year’s time.
5. Portfolios will be added up using the January 2018 issue of Coin's magazine.
I o participate, use the January 2017 issue of Coin’s magazine price list and portfolio form to select the coins
you would like to invest in. Be sure to turn in your portfolio prior to the deadline of 9:00 P.M. (end of the
March meeting) 2017. Portfolios can be given to Leon Saryan to forward to me. You can track your portfolio
results with each issue by subscribing to Coin’s magazine. Prizes will be awarded to the top performers at the
years end, and they will have bragging rights all year!
Coin Investment Portfolio
Name_
Be sure to include the date, denomination, grade, and cost of each coin.
Date_Denomination_Grade_Cost
. __
1
. _
2
3. _
4. _
5. _
. _
6
7. _
. _
8
9. _
.
10
Total Cost $
8
